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Beijing Securities Commission Sets
Rules for Companies Issuing Stock

BEIJING -- The Beijing Securities Regulatory Commission said that only profitable companies will be eligible to list on the local stock market, state media reported Tuesday.

The decision, part of a list of requirements issued by the commission, will allow only Beijing-based companies that earn net profits of more than 0.40 yuan a share to be allowed to issue shares to the public, the government-run China Daily said.